Ernesto is a 47-year-old married man with 6 children aged between 2 and 24 years. He owns a vulcanizing shop and is involved in seaweed farming. Ernesto hired workers to do seaweed farming for him so he could focus on his vulcanizing shop. He works hard to provide for his family's basic needs and sustain his children's education.
Ernesto is requesting a loan to purchase tools and pay for the labor of seaweed farmers. He hopes for his ventures to succeed and for his family to have a more stable living.
About Community Economic Ventures, Inc.
Community Economic Ventures, Inc. (CEVI), based in Bohol, was awarded the Platinum Award for Transparency in Social Performance Reporting by CGAP. Social performance monitoring is imperative in measuring a microfinance institution’s effectiveness. The fact that CEVI is participating in this process speaks volumes about the organization’s commitment to serving its clients effectively. In addition to providing credit for its clients, CEVI provides savings, insurance, and training through regular cluster group meetings.